Skip to main content
Find a Lawyer

Arizona Revised Statutes Title 20. Insurance § 20-1094.01. Reserve requirements

Current as of January 01, 2025 | Updated by Findlaw Staff

A. An unaffiliated credit life and disability reinsurer shall secure liabilities that are assumed under a reinsurance agreement subject to approval pursuant to this article in any of the following:

1. With funds withheld.

2. With funds that are maintained in a trust fund that complies with § 20-3603 and in an amount that is not less than one hundred ten percent of the amount of the liabilities assumed.

3. With clean, irrevocable and unconditional letters of credit that comply with § 20-3603, subsection B.

B. For the purposes of this section, the director shall value securities in the manner prescribed in §§ 20-511 and 20-512.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arizona Revised Statutes Title 20. Insurance § 20-1094.01. Reserve requirements - last updated January 01, 2025 | https://codes.findlaw.com/az/title-20-insurance/az-rev-st-sect-20-1094-01/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard